Cryptobank Silvergate said termination was a "risk-based decision"

Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision.“ The move comes after the bank’s stock fell over 59% in the past five days due to fears of a potential bankruptcy. The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.